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The market correction has not lasted long, and most of the cryptocurrencies are back to the green zone, according to CoinStats.
XRP/USD
The rate of XRP has rocketed by 9.29% over the last 24 hours.
On the hourly chart, the rate of XRP is far from key levels. If the situation does not change by tomorrow, ongoing sideways trading around the current prices is the most likely scenario.
On the bigger time frame, the picture is similar. The volume is low, which means none of the sides is ready for a sharp move.
Denys SerhiichukIn this case, there are low chances of witnessing sharp ups or downs by the end of the week.
From the midterm point of view, the price of XRP has made a false breakout of the support of $1.7711. If the bar closes far from it, traders may expect a test of the $2.20 range.
XRP is trading at $1.9930 at press time.
Vladislav Sopov
Dan Burgin